South Korea’s largest K-pop agency Hybe lost over $423 million in market cap after rookie group NewJeans terminated its contract with sub-label ADOR, leading to a 6.97% share plunge. The group cited breach of contract, mistreatment, workplace harassment, and lack of support from the company as reasons for their departure. Hybe has faced challenges with management disputes, legal notices, and declining profits, with NewJeans being a popular group winning accolades and chart entries before their contract termination.
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Air Force personnel dies in Agra as parachute fails to open
Air Force warrant officer Manjunath tragically lost his life during a parachute training exercise in Agra on Friday morning. Despite efforts to save him, he was pronounced dead at the Air Force Hospital. The necessary legal procedures have been completed following the incident. Full Article
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